Form 8-K · Current Report · Filed 2025-05-13
Cisco Appoints Kevin Weil to Board of Directors
On May 12, 2025, Cisco Systems, Inc. announced the appointment of Kevin Weil, Chief Product Officer of OpenAI, to its Board of Directors, effective immediately. Weil is classified as an independent director under Nasdaq listing standards. His compensation includes a pro rata annual cash retainer and a fully vested initial equity award. Weil has also entered into a standard Indemnity Agreement with Cisco.
- Filer
- Cisco Systems, Inc. CSCO · NASDAQ
- Filed
- Accession
- 0000858877-25-000014
- CIK
- 0000858877
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$61.67
Next session
-0.6%
Since filing
+88.1%
Latest close
$115.99
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CSCO reporting the same item, with the next session's move:
About Cisco Systems, Inc.
Cisco Systems, Inc. is a global leader in networking and IT. The company's core business is to design and sell a range of technologies that power the internet. Cisco is renowned for its routers, switches, cybersecurity solutions, and wireless systems, which serve as the backbone for digital communication networks worldwide. The company's products and solutions are crucial for the seamless operation of data centers, enterprise networks, and telecommunication infrastructures. Cisco Systems, Inc. plays a pivotal role in connecting businesses, governments, and individuals across multiple sectors, fostering the growth of cloud computing, IoT (Internet of Things), and remote work capabilities. With a focus on innovation and sustainability, Cisco continuously develops new technologies to enhance network performance and security. Based in San Jose, California, and founded in 1984, Cisco is a respected pioneer in its field, significantly contributing to the digital transformation initiatives of organizations globally. Its expansive reach and comprehensive portfolio make it a fundamental entity in shaping how we connect and communicate.
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